Hedgeye Quality Growth ETF (NYSEARCA:HGRO) Sees Significant Growth in Short Interest

Hedgeye Quality Growth ETF (NYSEARCA:HGRO) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 39,971 shares, an increase of 1,295.6% from the July 15th total of 2,864 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily volume of 50,064 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of Hedgeye Quality Growth ETF

A hedge fund recently bought a new stake in Hedgeye Quality Growth ETF stock. Janney Montgomery Scott LLC bought a new stake in shares of Hedgeye Quality Growth ETF (NYSEARCA:HGRO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,156 shares of the company’s stock, valued at approximately $402,000. Janney Montgomery Scott LLC owned 0.53% of Hedgeye Quality Growth ETF at the end of the most recent quarter.

Hedgeye Quality Growth ETF Trading Down 0.5%

NYSEARCA:HGRO opened at $30.94 on Wednesday. Hedgeye Quality Growth ETF has a 12-month low of $26.04 and a 12-month high of $31.85. The stock has a 50-day moving average price of $30.82 and a 200 day moving average price of $29.87.

About Hedgeye Quality Growth ETF

HGRO is an actively managed, large-cap U.S. equity ETF with approximately 40–50 high-conviction holdings. It focuses on three categories—Deep Moat Compounders, Innovators/Disruptors & S-Curve Beneficiaries, and Idiosyncratic Special Situations—to pursue long‑term capital appreciation. The fund is managed by veteran portfolio manager Sam Rahman, who brings over 30 years of investment experience.